Location: Portsmouth-Rochester, NH | Metro: Portsmouth-Rochester, NH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,430 |
| 4 Bedrooms | $2,650 |
| 5 Bedrooms | $3,074 |
| 6 Bedrooms | $3,443 |
| 7 Bedrooms | $3,718 |
| 8 Bedrooms | $3,904 |
U.S. Census Bureau data (2024)
The rent math for ZIP 03852 does not work favorably for landlords participating in the Section 8 program. The Fair Market Rent (FMR) set at $1500 for the fiscal year 2024 is lower than typical market rents in this area, which are currently unavailable. This means that landlords who accept Section 8 vouchers will receive less rent than they could potentially earn from private tenants.
Acquisition in ZIP 03852 is moderately affordable, with a median home value of $403,832. However, without specific data on the number of days on market (DOM) and the percentage of homes that require price cuts, it's challenging to provide a precise assessment of the affordability for acquiring properties. These metrics would typically indicate how quickly homes sell and whether sellers need to adjust their prices to attract buyers.
Tenant demand in ZIP 03852 is weak. With a total population of 205 and a renter share of just 0.0%, landlords can expect very little interest from potential tenants looking for rental housing. The low number of renters suggests that most residents in this area own their homes, making it a less attractive market for those seeking to invest in rental properties.
In conclusion, ZIP 03852 presents a challenging environment for landlords and small-portfolio investors interested in Section 8 properties. The FMR is below market rates, acquisition costs are moderate but lack detailed market performance indicators, and tenant demand is exceptionally low due to the near absence of renters in the area. These factors collectively suggest that investing in this ZIP code would likely result in suboptimal returns and difficulty in finding eligible tenants.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.